EDITORIAL MATCH MAKING: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
EDITORIAL MATCH MAKING
Largest movements
- Tangible fixed assets +€6,228
up €6,228 (+1,428%), from €436 to €6,664
- Cash -€3,402
down €3,402 (-17.6%), from €19,364 to €15,961
mainly Investment in fixed assets (net) (-€7,284) and Receivables within one year (-€2,692)
- Receivables within one year +€2,692
up €2,692 (+35.0%), from €7,690 to €10,382
of which Trade receivables: +€3,410
- Profit (loss) carried forward +€5,906
up €5,906 (+35.1%), from -€16,849 to -€10,943
- Tax, wage and social debts -€1,557
down €1,557 (-23.6%), from €6,597 to €5,041
of which Remuneration and social security: -€1,600
- Accrued charges and deferred income +€508
new in 2025: €508
- Trade debts +€489
up €489 (+11.6%), from €4,219 to €4,709
- Gross operating margin +€18,375
up €18,375, from -€9,676 to €8,699
- Depreciation +€818
up €818 (+344%), from €238 to €1,056
- Financial charges +€602
up €602 (+156%), from €386 to €988
- Other operating charges +€163
up €163 (+31.7%), from €513 to €676
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,849 | €33,112 | +€5,263 | +18.9% |
| Fixed assets | 21/28 | €436 | €6,664 | +€6,228 | +1,428% |
| Tangible fixed assets | 22/27 | €436 | €6,664 | +€6,228 | +1,428% |
| Furniture and vehicles | 24 | €436 | €6,664 | +€6,228 | +1,428% |
| Current assets | 29/58 | €27,413 | €26,448 | -€965 | -3.5% |
| Amounts receivable within one year | 40/41 | €7,690 | €10,382 | +€2,692 | +35.0% |
| Trade receivables | 40 | €6,966 | €10,376 | +€3,410 | +48.9% |
| Other amounts receivable | 41 | €723 | €5 | -€718 | -99.3% |
| Cash at bank and in hand | 54/58 | €19,364 | €15,961 | -€3,402 | -17.6% |
| Deferred charges and accrued income | 490/1 | €359 | €105 | -€255 | -70.9% |
| Total equity and liabilities | 10/49 | €27,849 | €33,112 | +€5,263 | +18.9% |
| Equity | 10/15 | €9,734 | €15,640 | +€5,906 | +60.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,383 | €20,383 | = | 0.0% |
| Distributable reserves | 133 | €20,383 | €20,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,849 | -€10,943 | +€5,906 | +35.1% |
| Amounts payable | 17/49 | €18,115 | €17,472 | -€643 | -3.6% |
| Amounts payable within one year | 42/48 | €18,115 | €16,964 | -€1,151 | -6.4% |
| Financial debts | 43 | - | €143 | +€143 | |
| Credit institutions | 430/8 | - | €143 | +€143 | |
| Trade debts | 44 | €4,219 | €4,709 | +€489 | +11.6% |
| Suppliers | 440/4 | €4,219 | €4,709 | +€489 | +11.6% |
| Taxes, remuneration and social security | 45 | €6,597 | €5,041 | -€1,557 | -23.6% |
| Taxes | 450/3 | €1,797 | €1,841 | +€43 | +2.4% |
| Remuneration and social security | 454/9 | €4,800 | €3,200 | -€1,600 | -33.3% |
| Other amounts payable | 47/48 | €7,299 | €7,072 | -€227 | -3.1% |
| Accrued charges and deferred income | 492/3 | - | €508 | +€508 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238 | €1,056 | +€818 | +344% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €513 | €676 | +€163 | +31.7% |
| Gross operating margin | 9900 | -€9,676 | €8,699 | +€18,375 | |
| Operating profit (loss) | 9901 | -€10,428 | €6,966 | +€17,394 | |
| Financial income | 75/76B | €0 | €7 | +€7 | |
| Recurring financial income | 75 | €0 | €7 | +€7 | |
| Financial charges | 65/66B | €386 | €988 | +€602 | +156% |
| Recurring financial charges | 65 | €386 | €988 | +€602 | +156% |
| Profit (loss) for the period before taxes | 9903 | -€10,813 | €5,985 | +€16,799 | |
| Income taxes | 67/77 | €0 | €79 | +€79 | |
| Profit (loss) for the period | 9904 | -€10,813 | €5,906 | +€16,720 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,813 | €5,906 | +€16,720 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.